The biggest reason I have not done Airbnb.

[Joe S.]

Probably the biggest reason I have not done Airbnb. Is that the the houses that I have that would be a good fit are large houses that would take extreme bucks to furnish in order to give a short term rental a test drive. I have tried to keep my seed money  recycling in order to buy more properties and if I spent a ton on furnishing an Airbnb house it might be several years before I break even and get my seed money back.

Has anyone else ran into this dilemma?

Is there a company that would furnish the Airbnb and allow the opportunity to be paid back overtime?

[Stephen Doyon]

Hi Joe!

You'd be surprised how inexpensive it can be to furnish a house as a short-term rental.  My wife and I purchased a lake front home and operated it as a short-term rental for about 18 months and realized a total net profit of over $30k during that time before we sold it to my wife's sister to use as her primary residence.  It cost us about 10k to furnish and outfit inside and out, right down to the silverware, towels and dock system.  While we enjoyed the positive cash flow, the amount of time we spent on this one property far outweighed the other long-term rentals we owned.  While I enjoyed interacting with guests and some of the unique aspects of short-term rental operation, I prefer the passivity of our long-term portfolio for sure.  Hope this helps.